Strait of Hormuz toll? Iran to demand crypto payment from shipping firms – report

 Under the proposed system, tankers would be required to share cargo details via email before being assigned a transit fee, reportedly set at $1 per barrel. Payments would be made in digital currencies. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added. Under the proposed system, tankers would be required to share cargo details via email before being assigned a transit fee, reportedly set at $1 per barrel. Payments would be made in digital currencies. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.